Atlantic American (NASDAQ:AAME) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Atlantic American Corporation (NASDAQ:AAME)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.67 and traded as low as $2.48. Atlantic American shares last traded at $2.51, with a volume of 6,590 shares changing hands.

Atlantic American Stock Performance

The firm has a market cap of $51.20 million, a P/E ratio of 11.41 and a beta of 0.79. The firm’s fifty day moving average price is $2.54 and its 200 day moving average price is $2.67.

Institutional Investors Weigh In On Atlantic American

Large investors have recently modified their holdings of the business. Teton Advisors LLC bought a new stake in shares of Atlantic American in the 3rd quarter valued at about $55,000. Citadel Advisors LLC bought a new stake in shares of Atlantic American in the 3rd quarter valued at about $81,000. Finally, Geode Capital Management LLC raised its holdings in shares of Atlantic American by 10.4% in the 4th quarter. Geode Capital Management LLC now owns 46,273 shares of the financial services provider’s stock valued at $131,000 after purchasing an additional 4,368 shares in the last quarter. Institutional investors own 5.54% of the company’s stock.

About Atlantic American

Atlantic American Corporation is a Florida-based holding company that engages in the insurance business through its wholly owned subsidiaries. The company’s operations are organized into four principal segments: Life Insurance, Accident and Health Insurance, Property and Casualty Insurance, and Risk Retention Group. Through these lines of business, Atlantic American provides a range of insurance products and services to individuals, businesses and affinity groups across the United States.

In its Life Insurance segment, Atlantic American offers traditional whole life and universal life policies, emphasizing guaranteed death benefits and cash value accumulation.